We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Compared to Estimates, Royal Caribbean (RCL) Q4 Earnings: A Look at Key Metrics
Read MoreHide Full Article
Royal Caribbean (RCL - Free Report) reported $3.33 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 27.9%. EPS of $1.25 for the same period compares to -$1.12 a year ago.
The reported revenue represents a surprise of -1.34% over the Zacks Consensus Estimate of $3.38 billion. With the consensus EPS estimate being $1.13, the EPS surprise was +10.62%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Royal Caribbean performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
APCD (Available passenger cruise days): 11,962.34 Days compared to the 11,993.55 Days average estimate based on five analysts.
Occupancy Rate: 105.4% versus the four-analyst average estimate of 105.7%.
Passenger Cruise Days: 12,605.09 Days versus 12,676.31 Days estimated by four analysts on average.
Net Cruise Costs Excluding Fuel per APCD: $121.97 versus the three-analyst average estimate of $120.26.
Net Cruise Costs per APCD: $147.04 versus $145.06 estimated by three analysts on average.
Passengers Carried: 1,939.36 thousand versus the two-analyst average estimate of 1,943.96 thousand.
Revenues- Onboard and other: $1.05 billion versus the six-analyst average estimate of $1.08 billion. The reported number represents a year-over-year change of +15.9%.
Revenues- Passenger ticket: $2.29 billion compared to the $2.30 billion average estimate based on six analysts. The reported number represents a change of +34.3% year over year.
Shares of Royal Caribbean have returned +8.6% over the past month versus the Zacks S&P 500 composite's +1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, Royal Caribbean (RCL) Q4 Earnings: A Look at Key Metrics
Royal Caribbean (RCL - Free Report) reported $3.33 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 27.9%. EPS of $1.25 for the same period compares to -$1.12 a year ago.
The reported revenue represents a surprise of -1.34% over the Zacks Consensus Estimate of $3.38 billion. With the consensus EPS estimate being $1.13, the EPS surprise was +10.62%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Royal Caribbean performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- APCD (Available passenger cruise days): 11,962.34 Days compared to the 11,993.55 Days average estimate based on five analysts.
- Occupancy Rate: 105.4% versus the four-analyst average estimate of 105.7%.
- Passenger Cruise Days: 12,605.09 Days versus 12,676.31 Days estimated by four analysts on average.
- Net Cruise Costs Excluding Fuel per APCD: $121.97 versus the three-analyst average estimate of $120.26.
- Net Cruise Costs per APCD: $147.04 versus $145.06 estimated by three analysts on average.
- Passengers Carried: 1,939.36 thousand versus the two-analyst average estimate of 1,943.96 thousand.
- Revenues- Onboard and other: $1.05 billion versus the six-analyst average estimate of $1.08 billion. The reported number represents a year-over-year change of +15.9%.
- Revenues- Passenger ticket: $2.29 billion compared to the $2.30 billion average estimate based on six analysts. The reported number represents a change of +34.3% year over year.
View all Key Company Metrics for Royal Caribbean here>>>Shares of Royal Caribbean have returned +8.6% over the past month versus the Zacks S&P 500 composite's +1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.